The Advantage AVM Cascade solution ensures that the best possible AVMs are always in the lead positions of your cascades, guaranteeing the highest hit rates and accuracy rates. To a home equity lender, each AVM used to determine the value of a home equates to one less appraisal needed. By decreasing the number of loans […]
Advantage AVM Cascade: Get Better Results and Lower Costs Read More »
KeyBank Story Refinance Title & Closing Success Refinance Title & Closing Success CSS is one of KeyBank’s preferred title and closing providers for refinances across multiple states in the bank’s footprint. See why KeyBank chooses to send all of its refinance transactions to a limited set of highly vetted title and closing providers. Hear
KeyBank Story: Centralized Title Success Read More »
Many of our lender customers express frustration with using so many different title & closing vendors across their lending footprint. With multistate lending operations, title vendors sometimes number in the hundreds! This results in as many different levels of quality, fee structures, points of contact, and methods of communication as there are vendors. Management of
How Can We Improve Our Overall Title and Settlement Process? Read More »
Many of our home equity lenders ask us this question. Of course, the challenge is not just reducing cost per loan. The challenge is doing so while continuing to underwrite high quality performing loans. A great strategy for achieving this goal starts with analyzing your current title and valuation costs across your entire lending footprint.
Can You Help Me Lower My Average Loan Costs and Improve Results? Read More »
I read something last month on how SOC2 certification was making compliance attractive again. My first thought – I must have missed something; exactly when was compliance ever attractive? I guess one perfect answer would be… at audit time!
Why We Are Renewing Our SOC2 Type 2 Certification Read More »
eMortgage: A mortgage where the critical loan documentation, at a minimum the Promissory Note, is created, executed, transferred and ultimately stored electronically. eNote: A MISMO SMART DOC that must be tamper-sealed, which is a special type of digital signature that guarantees data integrity and attaches a date and time stamp to the signature, ensuring the
eClosing Definitions Read More »
While the long-standing trend has been to migrate to a centralized title model, we recently met with an industry friend that had just left a regional lender that had yet to convert. He estimated the lender is using 120+ title companies. We had a few immediate questions. 1) How in the world do you effectively
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The latest annual American Land Title Association (ALTA) One Conference was going to be held in New York, but, due to COVID-19, was held virtually. This year’s theme was “Tell Our Story.” ALTA President, Mary O’Donnell, encouraged all title professionals to tell our industry’s story to consumers: that we are bodyguards, private detectives and problem
The Top 5 Takeaways From ALTA One 2020 Read More »
They say, ‘Necessity is the mother of invention.’ Truer words have never been spoken when it comes to how the mortgage industry has been flipped to respond to the COVID-19 pandemic. Talk about a perfect storm, lowest mortgage rates in recorded history driving highest home refinancing volumes ever, with one MAJOR problem – national level
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